Pharma Industry
Industry: Email Alert RSS FeedAntitrust Enforcement Efforts Go Global.(U.S. antitrust fines)
Chemical Week, June, 1999 by Hume, Claudia; Westervelt, Robert
The Department Of Justice's (DOJ) record fines against Roche and BASF for vitamin price fixing underscore a shift among antitrust officials toward global coordination. Roche, BASF, and others-including Rhone- Poulenc (RP), Lonza, Merck KGaA (Darmstadt, Germany), Takeda Chemical, Chinook (Toronto), Eisai (Tokyo), and Degussa-Huls-will likely face heavy fines elsewhere. Antitrust officials in Canada, Europe, and Australia have begun their own investigations.
Several recent U.S. antitrust fines have been in the chemical and related industries (table), but observers say that is coincidental. "The thread running through these cases is the presence of non-U.S. producers" and the market power they wielded, says Luke Froeb, a business professor at Vanderbilt University...
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